Tanzania has confirmed it is looking to owning about 8 percent stake or more in Uganda’s proposed 60,000 barrels per day refinery project. On addition to the Crude Oil Export Pipeline, proposed to run from Uganda Oil-rich Albertine graben to Tanzanian Northeastern Port of Tanga, the deal positions Tanzania as the leading regional partner in
Uganda and Tanzania Say Pipeline Negotiations are Progressing, Project will Start in January 2017
Uganda and Tanzania announced progress in the negotiations preceding the construction of a Crude Oil Export pipeline from oil-rich Albertine graben to Tanzanian Northeastern port of Tanga. Officials, technocrats and investors are holding a series of close door meetings which targets January 2017 as the project commencement time and 2019/2020 as the completion deadline. At
Project in Doubt; Lead Investor of Uganda Oil Refinery RT Global Withdraws from Deal at Negotiation Stage
The Lead investor of the Uganda oil refinery project, Russian firm RT Global Resources has opted out of the deal during the negotiation process. RT Global resources was announced the preferred bidder for financing and construction of the $4 billion facility in Hoima in February 2015. The consortium of companies that won the contract to
Why Uganda Oil Pipeline Project May not Start in August as announced by Officials
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as they originally indicated. The companies behind what could be East Africa’s first major oil pipeline believe the August start-date that Tanzanian officials gave last March
Tanzania Major Gas Operator Solo Oil Plc says State Owned TPDC has agreed to extend Operation Licence for Mtwara
Solo Oil plc said has successfully completed discussions with the Tanzanian Petroleum Development Corporation (‘TPDC’) to extend operation licence for Mitwara licence of the Ruvuma Production Sharing Agreement (‘Ruvuma PSA’). The licence was due to expire late December 2016. A one-year extension has been approved by TPDC and is thus awaiting ministerial approval. The UK
Kenya and Ethiopia Agree to Commence Development of Joint Crude Oil Pipeline
Kenya and Ethiopia have signed a deal for an oil pipeline that will run from Addis Ababa to the port of Lamu under the The Lamu Port Southern Sudan-Ethiopia Transport (Lapsset) project. Kenya President Uhuru Kenyatta and Ethiopian Prime Minister Hailemariam Desalegn signed the pact during bilateral talks at State House, Nairobi. At a joint
Inside the Tanzania Oil and Gas Sector: Roles and Key Regulatory Institutions of Uganda’s Major Oil Partner State
When delivering a keynote address at the Second Oil and Gas Conference 2013, on “Planning for Oil and Gas Industry for Rapid Socio-economic Development” the former Executive Secretary of Tanzania’s President’s Office, Planning Commission, and Current for Finance and Planning, Dr Philip Mpango said regulating of production as well as revenue flows from oil and
With the Road Option, Kenya expects Revenue from its oil by June 2017
Reports from Kenya indicate that the nation will reap its inaugural oil proceeds by mid-2017 despite the underlying challenge of routing to the sea port. Kenya’s Deputy Chief of Staff Nzioka Waita told local media in Nairobi last week that crude will be delivered to the port by via roads and railway as the nation
Minerals State Minister Peter Lokeris Says Uganda will Issue Production Licences to Tullow and Total Late June
By end of June, Uganda will have issued production Licences to industrial players Tullow Oil and Total E&P Uganda, State Minister for Minerals Peter Lokeris said. Speaking to the media during a dialogue organised by Advocates Coalition for Development and Environment (ACODE), Lokeris said the country took long to issue production licenses because there was
Tanzanian Officials in Meeting with Oil Giants Royal Dutch Shell, Statoil, Exxon Mobil, and Ophir Energy over Natural Gas Plant deal
Tanzania said it is meeting executive officials from giants Royal Dutch Shell, Statoil, Exxon Mobil, and Ophir Energy to commence negotiations on basic understanding of hosting government agreement for the new gas plant. Construction of Liquefied Natural Gas plant in East Africa’s biggest holder of natural gas reserves after Mozambique is yet to be decided.